Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process

What stage is it in? 

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

I'm in the beginning stages of purchasing a 2nd home in Costa Rica.

So really need to do some deep market research, haha, but not so willing to pay for this, at least not at this stage when I'm just starting out.

I'm definitely in the learning stages and  you've given me lots to learn about. 

At this stage in my life, these equity plays are more impactful than holding onto a property for a couple hundred dollars of monthly cash flow.What’s your take?

Again even if you have great credit as you start to add more credit cards, mortgages, auto loans to your credit you can also be viewed as "High risk" due to Excessive trade lines in credit or higher DTI - debt to income ratios. 

It could be possible to still negotiate a purchase depending on the stage of foreclosure it is in. 

It may be that they are underwriting the property at a significantly different valuation than what you are using or that they feel that you or the deal is excessively risky.